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21 March 2019Insurance

R&Q’s Accredited partners with specialty MGA Pronto in California

A Randall & Quilter Florida-domiciled subsidiary has confirmed a program underwriting partnership with Pronto General Insurance Agency (Pronto).

R&Q subsidiary, Accredited Surety and Casualty Company (Accredited), will now be Pronto’s issuing carrier in California to support its expanding private passenger automobile business.

Pronto is a specialty MGA that provides coverage to its customers in Texas and California.

Todd Campbell, Accredited CEO, said: “The Pronto team has developed well over a decade’s worth of successful multi-channel growth while attracting significant outside investment.

“Accredited has a strong pipeline of new partnerships for 2019 and we are excited to be delivering on our mission to be the program underwriter of choice for US MGAs, MGUs, program owners and their capital partners.”

Ken Randall, R&Q CEO, added: “This partnership with Pronto is further evidence of delivering on our mission to be a leading provider of program underwriting services to MGAs and MGUs. We look forward to partnering with Pronto and in completing other new partnerships in 2019.”

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More on this story

Insurance
19 June 2019   Ken Randall will no longer serve as the group chief executive officer (CEO) of Randall & Quilter Investment Holdings (R&Q), and will hand over the reins to Alan Quilter, who co-founded the business with him in 1991.
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20 March 2019   Accredited Surety & Casualty Company, the Florida-headquartered US insurer owned by Randall & Quilter Investment Holdings, has had its group rating upgraded by AM Best from VII to VIII.
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4 March 2019   Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) has completed the acquisition of the entire issued share capital of UK-based Nationale-Nederlanden Internationale Schadeverzekering (NNIS) from its owners NN Group.